Thai franchise a hit for former O'Brien's sandwich boss Brody
Published 21/05/2016 | 02:30
The rapidly expanding Thai food business established by businessman, Brody Sweeney enjoyed profits last year of over €172,000.
Mr Sweeney set up Camile after his O'Brien's Sandwich business went into liquidation in 2009.
New accounts show that the Camile Thai Kitchen Ltd's accumulated profits rose from €479,087 to €651,703.
The profit in the 12 months to the end of December 2015 compared to a profit increase of €221,009 in 2014.
Camile specialises in home deliveries ordered online and is to shortly open new outlets in Limerick, Sligo, Stillorgan and Tallaght.
The company has outlets - all based in Dublin - at Dun Laoghaire, Pearse Street, Phibsborough, Rathfarmhan, Rathmines, Santry, South Circular Road and Sutton.
Investors seeking to enter franchise agreements with Camile face costs of between €200,000 to €250,000 in setting up new restaurants.
The accounts just lodged with the Companies Office show that the firm's cash pile rose from €69,482 during the year to €219,322.
Numbers employed by the business last year increased from 92 to 104 made up of 62 kitchen and floor staff; 40 managers and two marketing staff. Staff costs rose from €1.12m to €1.98m.
To fund the business's expansion, Mr Sweeney ploughed a further €110,033 into the business by way of additional loans.
At the end of December last, the firm owed Mr Sweeney €142,782.
Mr Sweeney sits on the board with Shabu Madaparambil and remuneration for the two last year increased from €143,383 to €209,971.